RETAIL LOANS – INTEREST RATES /PROCESSING CHARGES w.e.f.

1-07-2022
(All loans at floating ROI, Per Annum at monthly rests except otherwise mentioned)

RATE OF INTEREST
All linked to RBLR/MCLR PROCESSING CHARGES
RBLR 7.75 % w.e.f. 08.06.2022
& BOI MCLR 7.50 % w.e.f. 01.07.2022 (All charges are
(Spread is from -0.45% to 1.50%) Exclusive of GST)
BSD is applicable from 01.07.2022 to 30.09.2022

1 (a) (i) Star Home Loan/Star Smart Home Loan/ Star Home Loan/Star Smart
Star Diamond Home Loan Home Loan/Star Pravasi Home
Loan :
Floating Category-Up to 30 years For Individuals –
For all loans amounts:-
0.25 % of loan amount
Salaried Non-salaried
Min. Rs. 1500/- Max. Rs. 20000/-
CIBIL- RBLR less BSD of 0.45%= 7.30%
Personal (no concession for women beneficiary)
Score of 800 For Partnership firms and
and above Corporates:
CIBIL- RBLR less BSD 0.35%= 7.40% Processing charges to be double
Personal (no concession for women beneficiary) that of applicable to individuals.
Score i.e. @ 0.50% of the loan amount
between 750 Min. Rs.3000/- and Max.
to 799 Rs.40000/-
CIBIL- RBLR less BSD 0.25%= 7.50%
Personal (no concession for women beneficiary) For Rural areas:-
Score
Processing charges 75% of that
between 700
and 749
applicable to individuals in respect
CIBIL-Personal RBLR + 1.20 %= 8.95 RBLR + 1.35%= 9.10% of loan availed by borrowers from
Score below % rural branches.
700 Salaried Non Salaried Min. Rs.1500/- & Max. Rs.20000/-
(for women beneficiary)
Star Diamond Home Loan :
RBLR + 1.25%=9.00 % RBLR +1.40%= 9.15% One time processing charge of
(for others) (for others) Rs.50000/- or maximum as per
Star Home Loan Scheme,
CIBIL-Personal RBLR less BSD 0.15%= 7.60% whichever is higher
Score of -1 and (no concession for women beneficiary)
0

As per respective Home Loan

*Please note rate of interest for Star Home schemes
loan/Star Smart home loan & Star Diamond home
loan will be based on CIBIL personal score. No Processing Charges up to
31.07.2022
CRE-RH-Home Loans will attract 0.50% additional rate
of interest

1 (A) (ii) Home Loans linked with CIBIL Personal Score (in
case of Individuals)
(Note: ROI applicable for switchover of existing ROI from Base
Rate/MCLR/BOIFRR/BPLR to RBLR)

REPO Linked (Star Home Loan)

Irrespective of loan amount & for individuals

Classification: Internal
 PRESENTLY REPO + MARK-UP = RBLR
i.e. 4.90 + 2.85 = 7.75%
(Spread is from 0.10% to 1.15%)
Salaried Self Employed
CIBIL- RBLR + 0.10%= 7.85%
Personal (no concession for women beneficiary)
Score of
760 and
above
CIBIL- RBLR + 0.25%= RBLR + 0.35% = 8.10%
Personal 8.00% (for women beneficiary)
Score (for women
between beneficiary)
725 to 759 RBLR + 0.30%= RBLR + 0.40%= 8.15%
8.05% (for others)
(for others)
CIBIL- RBLR + 0.45%= RBLR + 1.05%= 8.80%
Personal 8.20% (for women beneficiary)
Score (for women
between beneficiary)
675 and RBLR + RBLR +1.10%= 8.85%
724 0.50%=8.25% (for others)
(for others)
RBLR + 0.50%= RBLR + 1.10%= 8.85%
8.25% (for women beneficiary)
CIBIL-
(for women
Personal
beneficiary)
Score below
RBLR + RBLR +1.15%= 8.90%
675
0.55%=8.30%(for (for others)
others)
CIBIL- RBLR + 0.35%= RBLR + 0.45%= 8.20%
Personal 8.10% (for women beneficiary)
Score of -1 (for women
and 0 beneficiary)
RBLR + 0.40%= RBLR + 0.50%= 8.25%
8.15% (for others)
(for others)

1 (b) (i) Home Loans presently not linked to CIBIL i.e.

entities
other than individuals & And Star Pravasi Loan:-
(Note: ROI applicable for sanctioning of all new home loans)

REPO Linked
For Star Pravasi RBLR less BSD 0.45% =
(Women 7.30%
Beneficiary)
For others (Star RBLR less BSD 0.35%
Pravasi, 7.40%
Corporates, etc.)

Classification: Internal
 1. (C) (i) Home Loans presently not linked to As per respective Home Loan
CIBIL Personal schemes
Score: Pradhan Mantri Awas Yojana (PMAY): -
(Note: ROI applicable for sanctioning of all new
PMAY loans)

REPO Linked
Irrespective of RBLR + 0.10% = 7.85%
loan amount No Processing Charges up to
31.07.2022
@additional 0.10% CRP will be charged for
customers who intend to switchover from Base
Rate/MCLR to RBLR.

2. Star Top Up Loan

Rate of Interest applicable in respective Home Loan

account plus premium of 0.50% subject to minimum
RBLR

3 Star Personal Loan Scheme

Salaried/ECS Non-Salaried
Irrespective of loan amount & for individuals One time @ One time @
Spread is from 4.50% to 5.50% 0.50% of loan 1.00% of loan
amount amount
1. Fully Secured RBLR + 4.50% = 12.25%
Min.Rs.500/- Min.Rs.750/-
2. Clean/Unsecured RBLR + 5.50% = 13.25% and and
For Senior Citizens RBLR + 3.50% = 11.25% Max.Rs.2500/ Max.Rs.5000/
aged 60 years and - -
above & for loans
up to Rs. 50000.00 Senior Citizen (60 years & above)
3. Financing RBLR + 4.50% = 12.25% No Processing Charges
Secured under tie-
up arrangements

4 Star Pensioner Loan Scheme

Fully RBLR + 2.50% = 10.25%

Secured/clean/unsecure
d as per Star Pensioner
Loan Scheme
Senior Citizen (60 years & above) No Processing Charges
For other One time @ 0.50% of loan amount Min.Rs.250/- and Max.Rs.1000/-
5. (a) (i) Star Vehicle Loan for individuals
Vehicle Loans linked to CIBIL Personal Score:
(Note: ROI applicable for sanctioning of all new Vehicle loans)

4 Wheelers / 2 Wheelers : New & 2nd Hand For New 0.25% of limit,
Vehicle – Four minimum
Wheeler Rs.1000/- and
Loan Max.Rs.5,000
For New 1% of loan amount
REPO Linked (Star Vehicle Loan- Two minimum Rs.500/-
New/Second Hand)
Classification: Internal
 Irrespective of loan amount & for wheeler/2n and Max.Rs.10,000
d
individuals hand
(Spread is from 0.00% to 1.70% vehicles
Salaried Self Employed (both 2/4
CIBIL- RBLR + 0.00% = 7.75% wheeler)
Personal No processing charges for Senior
Score of Citizen, Retired Employees of the
760 and Bank and Pensioners drawing
above Pension from the Bank.
CIBIL- RBLR + 0.35% = 8.10% For Rural areas:
Personal Processing charges will be 75% of
Score that applicable to individual
between 725 borrowers provided loan is availed
and 759
by borrowers from rural areas/ from
CIBIL- RBLR + 0.90% = RBLR + 1.00% =
rural branches.
Personal 8.65% 8.75%
Score Min. rs.1500/- & Max. rs.20000/-
between 675
and 724
CIBIL- RBLR + 1.50% = RBLR + 1.70% =
Personal 9.25% 9.45%
Score below No Processing Charges up to
675 @ 31.07.2022
CIBIL- RBLR + 0.75% = RBLR + 1.00% =
Personal 8.50% 8.75%
Score of -1 &
0

**PLEASE NOTE RATE OF INTEREST WILL BE

BASED ON CIBIL PERSONAL SCORE FOR
INDIVIDUALS AND SELF EMPLOYED In case of Partnership firms
and Corporate borrowers,
(a) (ii) Vehicle Loans linked to CIBIL Personal Score: processing charges will be
(Note: ROI applicable for switchover of existing ROI double that applicable to
from Base Rate/MCLR to RBLR) individuals.
No Processing Charges up to
Proposed
31.07.2022
REPO Linked (Star Vehicle Loan-
New/Second Hand)
Irrespective of loan amount & for
individuals
Spread is from 0.60% to 1.35%
Salaried Self Employed
CIBIL- RBLR + 0.60% = RBLR + 0.70% = 8.45%
Personal 8.35%
Score of 760
and above
CIBIL- RBLR + 0.85% = RBLR + 0.95% = 8.70%
Personal 8.60%
Score
between 725
and 759
CIBIL- RBLR + 1.00% = RBLR + 1.10% = 8.85%
Personal 8.75%
Score
between 675
and 724
CIBIL- RBLR + 1.15% = RBLR + 1.35% = 9.10%
Personal 8.90%
Score below
675

Classification: Internal
 CIBIL- RBLR + 1.10% = RBLR + 1.30% = 9.05%
Personal 8.85%
Score of -1 &
0

5 (b) (i) In case of entities other than individuals

including Doctor Plus
(Note: ROI applicable for sanctioning of all new Vehicle
loans)

Existing Borrowers with RBLR + 0.00% = 7.75%

credit facilities having
immovable properties as
primary or collateral
securities
New/Existing customers RBLR + 0.00% = 7.75%
with internal rating of
minimum entry based on
ABS of 31-03-2021 and
where CMR commercial
CIBIL score is not
applicable or, ECR of BBB
and above
New customers with RBLR + 0.20% = 7.95%
internal rating of minimum
entry based on ABS of 31-
03-2021 and commercial
CIBIL Score -CMR 5
and below

@additional 0.10% CRP will be charged for

customers who intend to switchover from
BOIFRR/BPLR/Base Rate/MCLR to RBLR.

6. i. Star Educational Loans :

No processing charges.
A. Educational Loan as per IBA scheme
a) No Processing charges – for
Spread is from 1.70% to 2.50%
study in India.
Up to Rs. 7.5 Lakhs RBLR + 1.70% = 9.45% b) For study abroad: Processing
covered under charges Rs.5,000/-
CGFSEL (Processing charge excluding GST
Above Rs. 7.50 RBLR + 2.50% = 10.25% will be refunded once actual loan is
Lakhs availed. Applicant/s are suitably
advised about this condition at the
B. Star Vidya Loan :
time of submission of application
For studies in India in Premier Institutes Max. Rs. 40.00
and consent letter will be obtained
lacs
from the applicant/s to avoid dispute
Irrespective of loan amount
Spread is 0.00%
at later stage).
Institutes as per List A RBLR Student applicant may be required
Institutes as per List B RBLR to pay fee/charges, if any, levied by
Institutes as per List C RBLR third party service providers who
Concessions*: operate common portal for lodging
a) for Girl Students: 0.50 % loan applications set up.
b) All students pursuing professional courses (Like One time charges for any Deviations from
Engineering /Medical /Management etc.) are the Scheme norms including approval of
eligible for 0.50 % interest concession. courses outside scheme

Classification: Internal
 Maximum concession under (a) & (b) is 1 % p.a. Up to Rs.4.00 Rs. 500/-*
subject to, minimum RBLR lacs
Over Rs.4.00 Rs.1,500/-*
lacs up to
Rs.7.50 lacs
Over Rs.7.50 Rs.3,000/-*
lacs up to
Rs.20.00
lacs
*Per Deviation
iii. Pradhan Mantri Kaushal Rin Yojana NIL

RBLR + 1.50 = 9.25%

1 % interest concession may be provided for loanees, if the interest is serviced during the
study period when repayment holiday is specified for interest/repayment under the
scheme. No concession will be available after commencement of repayment.
7. Star Loan Against Property
(a) For individuals : For Loan (Repayable by
(Note: Applicable to both new/review of accounts) installments)
One time @ 1% of sanctioned loan
REPO Linked Irrespective of loan amount Min. Rs.5000/- and Max.
amount & for individuals Rs.50000/-.
i.e. salaried and self employed For Mortgage OD (Reducible)
Spread is from 2.00 to 3.50% 0.50% of the Sanctioned limit
Term Loan OD (Reducible) min.Rs.5,000/- and Max.
CIBIL-Personal RBLR + 2.00% = RBLR + 2.25% = 10.00% Rs.30000/- for 1st year at the time of
Score of 760 and 9.75% original sanction.
above
0.25% of the Reviewed limit
CIBIL-Personal RBLR + 2.50% = RBLR + 2.75% = 10.50%
min.Rs.2,500/- & Max. Rs.15000/-
Score between 675 10.25%
and 759 for subsequent years.
CIBIL-Personal RBLR + 3.00% = RBLR + 3.50% = 11.25%
Score below 675 10.75%
(only for the
For Rural areas:
purpose of Processing charges will be 75% of
reviewing of those normal applicable charges in
account and not respect of loans availed by
meant for fresh borrowers from rural areas from
sanction) @ rural branches.
CIBIL-Personal RBLR + 2.75% = RBLR + 3.00% = 10.75% Mortgage fees:-
Score of -1 & 0 10.50% Limit upto Rs.5000/- +
Rs.10.00 GST
lacs
7. (b) Other than Individuals: Limit Rs.10000/ +
(The entry level will be CMR-5. No deviation permitted for exceeding GST
below CMR-5) Rs.10.00
lacs & upto
Spread is from 2.00% to 2.50% 1oo lakhs
Loan/Reducible RBLR + 2.00% = Loans over Rs.20000/ +
OD 9.75%
Rs.100 lakhs GST
upto Rs.500
lakhs

8. BOI STAR DOCTOR PLUS (RETAIL) SCHEME

(Note: ROI applicable for sanctioning of all new loans as well as switchover Base Rate/MCLR to
RBLR)

Classification: Internal
 Spread is from 2.00% to 3.00% for personal loans
Spread is 0.00% to 0.75% for Vehicle loan 50% concession in charges as
Personal Loans applicable to
1. Fully Secured RBLR + 2.00% = 9.75% Members of public for Personal
2. Clean/Unsecured RBLR + 3.00% = 10.75% Loan and Vehicle loan
Vehicle Loan:4 Wheelers only (New & Second hand
vehicles)
Existing Borrowers with RBLR + 0.00% = 7.75%
credit facilities having
immovable properties as
primary or collateral
securities
New/Existing customers RBLR + 0.00% = 7.75%
with internal rating of
minimum entry based on
ABS of 31-03-2021 and
where CMR commercial
CIBIL score is not
applicable or, ECR of BBB
and above
New customers with RBLR + 0.20% = 7.95%
internal rating of minimum
entry based on ABS of 31-
03-2021 and commercial
CIBIL Score -CMR 5
and below

9. Star IPO One time 2.00% of loan

amount
(Note: ROI applicable for sanctioning of all new loans as well Min. Rs.1,000/-
as switchover Base Rate/MCLR to RBLR) Max. Rs.10,000/-

Spread is from 3.25% to 4.50% Senior Citizen (60 years & above)
Up to 60 days RBLR + 3.25% = 11.00% No Processing Charges
Over 60 days RBLR + 4.50% = 12.25%

10. Earnest Money Deposit Scheme

(Note: ROI applicable for sanctioning of all new loans as well
as switchover Base Rate/MCLR to RBLR)
Spread is from 0.00% to 5.00%
One time Rs.500 per application
Short Term (below RBLR = 7.75%
12 months)
Long Term (12 RBLR + 5.00% %
months and above) = 12.75%

I) STAR MITRA PERSONAL LOAN SCHEME:

Fixed rate : 1 Year MCLR + 1.00% (CRP)+ 0.30
(BSS) Waived

II) STAR REVERSE MORTGAGE LOAN SCHEME Loan Processing Charges

Amount
1 Year MCLR + 2.30% (CRP) + 0.30% (BSS): Fixed for Upto Rs.5 Rs.1250 + GST
lacs
initial period of 5 years subject to reset clause at the end
Upto Rs.2500 + GST
of every 5 years period. Rs.10 lacs
Upto Rs.5000 + GST
Rs.20 lacs
Classification: Internal
 Upto Rs.6250 + GST
Rs.25 lacs
Valuation report fees and Advocates
fees to be borne by the borrower.
Annual Service Charge @ 0.25% on
the loan amount
outstanding/recoverable at the time of
annual review.

A. Access to own credit report – charges per report max. Rs.50/-

B. CERSAI registration Fees: As per Annexure.

Annexure-I
Fee Chargeable as specified in the Table under rule 7
All the charges are excluding GST
Serial Nature of transaction to be Rule Form Amount of fee payable
No Register .
1. Particulars of creation or Sub-rule (2) Form Rs.100 for creation and for any
modification of security interest by of rule 4. I subsequent modification of security
way of mortgage by deposit of title interest for a loan above Rs.5 lakh.
deeds. For a loan upto Rs.5 lakh, the fee would
be Rs.50 for both creation and
modification of security interest.
2. Particulars of creation or Sub-rule (2A) Form NIL
modification of security interest by of rule 4. I
way of mortgage of immovable
property other than by deposit of title
deeds
3. Particulars of creation or Sub-rule (2B) Form Rs.100 for creation and for any
modification of security interest in of rule 4. I subsequent modification of security
hypothecation of plant and interest for a loan above Rs.5 lakh.
machinery, stocks, debt including For a loan upto Rs.5 lakh, the fee would
book debt or receivables, whether be Rs.50 for both creation and
existing or future. modification of security interest.
4. Particulars of creation or Sub-rule (2C) Form Rs.100 for creation and for any
modification of security interest in of rule 4. I subsequent modification of security
intangible assets, being know-how, interest for a loan above Rs.5 lakh.
patent, copyright, trade mark,
Licence, franchise or any other For a loan upto Rs.5 lakh, the fee would
business or commercial right of be Rs.50 for both creation and
similar nature modification of security interest.
5. Particulars of creation or Sub-rule (2D) Form Rs.100 for creation and for any
modification of security interest in of rule 4. I subsequent modification of security
any under construction residential or interest for a loan above Rs.5 lakh.
commercial building or a part thereof

Classification: Internal
 by an agreement or instrument other For a loan upto Rs.5 lakh, the fee would
than by mortgage. be Rs.50 for both creation and
modification of security interest.
6. Particulars of satisfaction of charge Sub-rule (2), Form NIL
for security interest filed under sub- (2A), (2B), II
rule (2) and (2A) to (2D) of rule 4 (2C), (2D) of
rule 4.
7. Particulars of securitization or - Form Rs.500/-
reconstruction of financial assets III
8. Particulars of satisfaction of - Form Rs.50/-
securitization or reconstruction IV
transactions
9. Any application for information - - Rs.10/-
recorded/maintained in the Register
by any person
10. Any application for condonation of Sub-rule (2) - Not exceeding 10 times of the basic fee,
delay up to 30 days of rule 5. as applicable
ADDITIONAL FEE APPLICABLE FOR DELAY IN FILING OF RECORDS WEF 22.1.2016
Sr. No. Number of days of delay Additional fee to Illustration
in filing of chargeable charged
transaction
1 From 31 to 40 days Twice the amount of If the applicable fee is Rs.100/- then additional
applicable fee fee applicable will be Rs.200/-
2 From 41 days to 50 days Five times the amount of If the applicable fee is Rs.100/- then additional
applicable fee fee applicable will be Rs.500/-
3 From 51 days to 60 days Ten times the amount of If the applicable fee is Rs.100/- then additional
applicable fee fee applicable will be Rs.1000/-
All the above charges are excluding GST
Provided that where particulars of transaction of creation or modification of more than one
security interest are filed by a person, the fee payable by such person shall be the one that is the
highest among the fee prescribed for security interest for which particulars of creation or
modification are filed by such persons.

Classification: Internal